Sterling-Dollar is trading around 1.142, after closing the previous week at 1.142 (down 0%) .
A good end to the trading week, GBP/USD is up to 1.142, after closing yesterday at zero. Overall, a 0% move or 11,419 pips this week. (Trade Sterling-Dollar with FXTM now).
This move comes while some more positive signs for the Pound are out as data for United Kingdom Average Earnings Index +Bonus published Tuesday came out at 5.5, beating projections of 5.4 and showing improvement over the preceding figure of 5.2.
Nevertheless, United Kingdom Manufacturing Production released earlier showed a marked improvement to 0.1% from the preceding data of -1.6%, but fell short of the 0.4% figure forecast by a consensus of market analysts. Highly important GDP data from United Kingdom beat analyst expectations of 0.3% with a reading of 0.2%.
Meanwhile, United Kingdom Claimant Count Change (Aug) released Tuesday with a figure of 6,300, while the previous figure was -14,500. Fresh Monthly GDP 3M/3M Change data from United Kingdom came out at zero.
Elsewhere, United Kingdom BoE Interest Rate Decision (Sep) is scheduled for Thursday. United Kingdom Composite PMI is expected Friday. United Kingdom Services PMI is expected Friday.